Change to the Board at Hermes Germany: Alexander Bortel to succeed Hendrik Schneider as new CFO

Alexander Bortel will join the Executive Board of Hermes Germany, effective 1 January 2024. The current Division Manager Finance & Controlling will then head the Services division. He succeeds Hendrik Schneider, who is leaving the company of his own accord to take up a new professional challenge.

In recent years, Hendrik Schneider has held number of positions within the Otto Group: In addition to sojourns at Bonprix and OTTO, Hendrik Schneider most recently worked at executive level at Hermes Germany. “Hendrik Schneider has repeatedly set the tone within the Otto Group. Over the past five years, as an outstanding leader he has successfully developed Hermes Germany. I would sincerely like to thank him for this,” says Kay Schiebur, Otto Group Executive Board Member for Services, adding “I’d like to wish him all the best both professionally and personally.”

Alexander Bortel, an expert from our own ranks, follows. He will take over as Managing Director Services from January 01, 2024. Currently Division Manager Finance & Controlling at Hermes Germany, the business administration graduate can look back on an extensive career in the Otto Group. Alexander Bortel joined Otto Group Consulting in 2010, where latterly he had progressed to head a department. As Vice President Strategy and Mergers & Acquisitions, he then moved to the subsidiary Groupe 3SI (since 2017 Hermes France Holding SAS) in France and then took over as Head of Planning & Management of the Sheego brand at Schwab Versand Hanau in summer 2017. He has been working for Hermes Germany since June 2019 and is successfully responsible for the Finance and Controlling division.

Hendrik Schneider has continuously supported his successor, preparing him for this role on the Board in order to hand over his responsibilities as planned on 1 January 2024. “I am looking forward to working together within the executive team and to being able to provide further impetus for Hermes Germany in my new role. Special thanks go to Hendrik Schneider and my outstanding team,” says Alexander Bortel.

The Board at Hermes Germany will then consist of Olaf Schabirosky (CEO), Alexander Bortel (CFO), Dennis Kollmann (CSO) and Marco Schlüter (COO).

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About The Otto Group

Founded in Germany in 1949, today the Otto Group is a globally active retail and services group with around 41,000 employees in 30 major company groups primarily active in the economic regions of Germany, the rest of Europe, and the USA. Its business activities span the Platforms, Brand Concepts, Retailers, Services and Financial Services segments. In the 2022/23 financial year (to 28 February) the Otto Group generated revenues of 16.2 billion euros. With online revenues of approximately 12 billion euros, the Otto Group is one of the world’s largest online retailers. The Group’s particular strength is the broad market presence of its differentiated product assortments and service offers to diverse customer target groups in the world’s relevant economic regions. Numerous strategic partnerships and joint ventures provide the Otto Group with excellent opportunities to transfer know-how and leverage areas of synergy potential. Group companies demonstrate a high degree of corporate responsibility and willingness to collaborate with one another; at the same time this guarantees flexibility, customer proximity and optimal target-group appeal in their respective national markets.

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